The Performance Audit – A Basic Attribute of the Romanian Court of Accounts and a Consolidation Solution for Sustainability in the Current Macroeconomic Environment

Florina-Maria BOBEª (tãvalã) ()
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Florina-Maria BOBEª (tãvalã): Lucian Blaga University of Sibiu, Romania

REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, 2016, vol. 17, issue 1, 70-75

Abstract: Through the findings and recommendations brought by the performance audit missions it is aimed to reduce costs, increase using the resources efficiency and achieving the objectives set at the level of the activity, program, and the audited process. So it is an audit of a good financial management but which is exercised at a rate too low in our country because it represents a research work that requires flexibility, imagination and analytical skills, knowledge and experience. We consider therefore that the audit approach can be justified by the fact that it increases the credibility of the information, providing a certain insurance degree for the people who rely on the audited information. Corroborating the Romanian legislation regarding auditing with the provisions of the international auditing standards and the practical issues which arise from their application, we could identify several types of public audit.

Keywords: public external audit; performance audit; Court of Accounts of Romania; Performance audit. (search for similar items in EconPapers)
JEL-codes: G29 M42 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (1)

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